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International Law

: Misleading Advertising Law

How To Identify Good Turnkey Business Opportunities

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Governments go to a great deal of trouble drafting and enacting laws to protect people who are "buying a job".

But if you are ignorant of your rights under the law, you are likely to end up defrauded.

For example if you are resident of California, interested in buying a business opportunity, or in essence buying a job, California protects those buyers with the Sellers Assisted Marketing Act.

"Running your own business is always hard work with long hours and substantial risks. People who are in business for themselves, or interested in starting their own business, should beware of any get rich quick schemes which promise riches and short work weeks as a result of buying into a business opportunity.

In 1978 the California Legislature, at the urging of this office, acted to regulate small business opportunity offerings.

It passed the "Seller Assisted Marketing Plan Act" in order to assist inexperienced or unsophisticated buyers in making an informed decision prior to investing in a business opportunity.

The law, California Civil Code Section 1812.200 et seq., requires Seller Assisted Marketing Plans (SAMPs) to register with the Attorney General's Office, to provide significant disclosure statements to potential buyers prior to signing any contracts, and to provide the buyer specific contractual rights after a purchase has been made."

You have to know this information to be able to use it.

It doesn't help that people like Travis Ristig can write an entire article about turnkey business opportunities and not once mention legal protections that are available to the purchaser. This is what he writes:

"If you're interested in buying turnkey business opportunities, you're going to find out fast that lots of the options out there are actually scams.

You'll be surprised at how many people end up falling prey to cheats and con artists when they're just looking for a good way to do business.

There are lots of real, legitimate opportunities out there, but there are also lots of scams, so you'll need to make sure you pick your opportunity with care."

But nowhere in his "article" does he mention the key facts: A number of states have some form of legal protection for anyone buying a job.

Before you investigate a business opportunity, contact your state to see if the seller is registered and get the disclosure package that you are entitled to.